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Flauer [41]
3 years ago
10

Joseph is an unemployed yard landscaping worker who is trying to find employment as he last had work seven months ago. He is now

at a point where he will take any wage even if low to get money to pay the bills. He talks to businesses and landscaping companies on a daily basis but none are hiring due to an ongoing recession. How would you describe his experience with the correct economic term?
Business
1 answer:
Mandarinka [93]3 years ago
3 0

Answer:

Cyclical Unemployment

Explanation:

Cyclical Unemployment occurs due to irregularities surrounding an economy and these said cycles eventually brings about recession and thus, a good number of willing workers would not be able to get jobs due to this fact. What Joseph is experiencing is called Cyclical unemployment.

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An individual retirement account, or IRA, earns tax-deferred interest and allows the owner to invest up to $5000 each year. Joe
gavmur [86]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Jill:

Weekly deposit= $96.15

The number of weeks= 30*52= 1,560

Interest rate= 0.098/52= 0.00189

Joe:

Annual deposit= $5,000

Number of years= 30 years

Interest rate= 9.8%

To calculate the final value of Jill and Joe, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= weekly/annual deposit

<u>Jill:</u>

FV= {96.15* [(1.00189^1,560)-1]} / 0.00189

FV= $916,853.88

<u>Joe:</u>

FV= {5,000*[(1.098^30)-1]} / 0.098

FV= $791,953.50

7 0
3 years ago
Q1. As the economy nears the end of an expansion, which of the following typically occurs? A. Wages are usually rising faster th
vazorg [7]

Answer:

D

Explanation:

5 0
3 years ago
A property is encumbered by a first mortgage of $60,000 and a second mortgage of $23,500. The property has just been sold at a f
Oksanka [162]

Answer: Please refer to the explanation section

Explanation:

The question is incomplete, the statement which we much choose from are not given in the question we will explain the question and provide a clear solution to make it easier for the student to single out a false statement.

Property acquisition was financed by two mortgage Bonds, First Mortgage Bond was $60 000 and the second mortgage bonds was $23 500. Ignoring interest rate we can assume that the Value of the Property is $83500 ($60 000 + $23 500).

Property was sold for $88000, There is a profit on sale of the property. Profit earned amounted to $4500 ($88000 - $83500). The profit on sale of property ($4500) will reported on the income statement. The property Value will be derecognized from long term assets in the the balance sheet statement.

The profits on sale of the property will form part of the net income for the year. Net income is distributed to shareholders in the form of dividends. We can therefore conclude that a portion of Profits on sale of property, if not all will be distributed to the share holders as dividends

8 0
3 years ago
Read 2 more answers
Geert Hofstede undertook what is probably the most famous study of how culture relates to values in the workplace. Through his r
polet [3.4K]

Answer:

a. Ming - Power Distance

b. Ben - Individualism and Collectivism

c. Elena - Uncertainty Avoidance

d. Jiro - Masculinity / Femininity

e. Bill - Time Orientation

Explanation:

Ming has shown characteristics of power distance as she considers herself to be superior of others. There is unequal distribution of power and Ming accepts it. Ben is more towards freedom and he does not want any one to interfere in his matters. Elena is a risk averse person who does not takes risk and follows the same routine everyday in order to avoid any uncertainty.

6 0
3 years ago
Recording estimates of future discounts LO P6 ProBuilder has the following June 30 fiscal-year-end unadjusted balances:
Wittaler [7]

Answer:

A. Date       Account Title and Explanation       Debit    Credit

   June 30   Sales discounts                                 $72

                    ($2,400 * 3%)

                          Allowance for sales discounts                 $72

                      (To record the expected sales discounts)                    

B. Date      Account Title and Explanation       Debit    Credit

    June 30  Sales Discounts                                $62

                     ($72 - $10)

                             Allowance for sales discounts               $62

                      (To record the expected sales discounts)

5 0
3 years ago
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